LINK’s niche of capturing and streaming price feed data to partners has been shaken by the recent groundbreaking market movements that have shown that the token fails to capture any value. In a recent X post detailing recent developments that may affect the crypto world, supporters of Chainlink left comments that show their skepticism of its relevance to the LINK token. Capital markets news: Mercedes, Siemens, and other major German enterprises test commercial bank money tokens (CBMT).
According to Coingecko, the token is down 23% in the past 24 hours, representing a significant wipe in value after the price stabilized in the $13 to $14 price range. The crypto market continues to be influenced by outside forces in the short to medium term, with the anxieties of private equity bleeding into the crypto market turning the correction into an absolute bloodbath. Related Reading: MATIC: Market Nosedive Leads To 30% Wipe In Value What’s In It for Chainlink?
Last week, Concero, a blockchain infrastructure platform, announced its selection of Chainlink’s CCIP for "secure cross-chain interoperability.” Concero also joined Chainlink Build, a partnership program that grants them enhanced access to Chainlink services which guarantees the quality of the data stream they’ll receive. Another addition to the Chainlink Build family is Rivalz AI, the "first AI intel layer”, which will help the latter in the security of its AI-driven data network.
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